Bitcoin Forum

The floor must be close with increasing resistence felt at lower levels, will we be seeing a trend reversal soon ... ?

The trend reversal was the dumping. The peak was just an artefact.

We're back in the dumping phase again, its going to be another cheap bitcoins

price atm $235..

https://i.imgur.com/QFHP5xX.png

Something like this could happen, maybe?

Bounces are happening at 61.8% Fibonacci level, which means we could go lower (210).

No rebound, last 2 days is down. What i see

More crash.
No demand.
Double digits are inevitable.

I think the floor is 200$ How high it will reach, I don't know, that's why I'm jumpy now.

fake buywalls - get taken down once people start selling at marketprice, pops up again once sellers reduce the dumps.

It may seem stupid to some, but everytime I sold at a loss before the price got back up within a week or so
:-\

I think that won't go on forever. The dump cycles seem to be accelerating, which might mean that at some point there will be no strong recovery anymore. When that happens, all shit will break loose I think.

Don't sell at a loss.



Good joke.

It survived the weekend and is now going up. I think we have seen the floor but will not be surprised if it goes close to it again.

The next US marshals auction will result in some serious dumping, maybe below the present floor.

If the bidding makes the price attractive then it may create a bullish sentiment.

Everyone expects the auction, so it may already have been priced in.

Like the last two?

I know some people may not like the idea, but i believe the real floor this year will be tested on 100$, probably mid-year or so.
After that definetly i see some rebounds happening.

Same, although the bear market will not be over by then. I still think the 'bottom', vague as it might be, is somewhere close to 50 bucks, although it might indeed be as high as 100 dollar.  We will test 150 pretty soon again, maybe as soon as within the next 2 weeks.

Another problem is that there isn't a clearly defined bottom. So we never know when the trend reversal will happen.

The bottom is in when people begin to realise how far the price has risen from the low (say 150) and realise how greedy it was to expect the price to drop by >95%. Then they buy in.

Wait Inca, are you calling a bottom again? Bitcoin so far is the most pure example of price discovery out there and literally no one knows where it is headed. The simple fact that you are indirectly calling a bottom again shows how you are talking your book.

Also, you are obviously one of those permabulls that feels 'entitled' to another rally after a long downturn. Even you must understand that logaritmic growth is unsustainable.

Resistance is there to be broken eventually. One thing is certain: it doesn't fly away before 2016  (not even then) ... more like 2020 but then it'll be most likely insignificant already. So best advice is: play it like a pump and dump pennystock cuz that's what it is.